KLIC - Kulicke and Soffa Industries Sitting On Its Hands While The Semiconductor Market Is Expanding

• While the global semiconductor market continues to deliver high demand and a seller's market, KLIC has seemingly sat on its hands through the last 6 months.
• KLIC's CAPEX investment relative to its revenue is the third-lowest in the industry, indicating the firm isn't preparing for good times ahead just yet.
• Asked about M&A opportunities, CFO Lester Wong gave a conservative indication that KLIC sees M&A as an opportunity to diversify rather than grow.
• Most concerning is that KLIC revenue forecasts are falling while competitors are rising sharply.

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